4 Los Cabos, Dana Point, CA 92629
2 beds · 2 baths · 1,191 sqft
Ocean/Catalina View End Unit in Gated Encantamar in Dana Point. Located in the highly sought-after gated community of Encantamar, directly across from Bear Brand Ranch. This immaculate single-level end unit residence offers privacy, elegance, and convenience in a rare, move in ready opportunity. Nestled on a spacious cul-de-sac with a generous two car garage, the property features a private entry path leading to an elegant beveled glass front door, setting the tone for the sophistication within. Step inside and you’ll immediately feel at home in this high tech sanctuary. Upgraded with new, high-end stainless steel appliances, a brand new heat pump HVAC system with Google Nest V4 controls, and dimmer switches throughout to create your perfect lighting ambiance. The moment you step into the kitchen, you'll be captivated. An ocean view back drop awaits, complemented by abundant custom cabinetry with soft-close drawers and built-ins. Long granite countertops provide ample workspace for cooking and entertaining, making this kitchen a dream for chefs and hosts alike. The open dining area, illuminated by a stunning crystal chandelier, flows seamlessly into the living room, and patio. The living room offers a cozy stacked stone fireplace which adds warmth and charm. Two sliding glass doors from dining room and living room frame the ever changing ocean views and mature trees, creating a tranquil indoor/outdoor living experience enhanced by the cool coastal breeze. The smart floorplan separates the guest bedroom at the front from the expansive primary suite in the back. The primary suite features a spacious en-suite bath with dual sinks, granite countertops, a large walk in shower, separate water closet, and a generous walk-in closet, bringing spa like comfort into everyday life. Enjoy walkable access to premium shopping, dining, and entertainment. Just minutes away are world class beaches and the newly revitalized Dana Point Harbor, as well as the vibrant and evolving downtown Dana Point, now a hub for unique eateries and boutique experiences. Bonus: Furnishings are new and negotiable, perfect for buyers seeking a truly turnkey home. This is the one you’ve been waiting for. Don’t miss your chance to own a slice of coastal luxury. Schedule your tour today!
Source: CRMLS #LG25068474
Financials
Source: Public records
Source: CRMLS #LG25068474
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.